KF vs. FIMKX
KF (The Korea Fund Inc) and FIMKX (Fidelity Advisor Focused Emerging Markets Fund Class I) are both Emerging Markets Equities funds. Over the past 10 years, KF returned 14.56%/yr vs 12.13%/yr for FIMKX. A 0.73 correlation means they provide meaningful diversification when combined. KF charges 0.01%/yr vs 1.03%/yr for FIMKX.
Performance
KF vs. FIMKX - Performance Comparison
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Returns By Period
In the year-to-date period, KF achieves a 74.15% return, which is significantly higher than FIMKX's 25.22% return. Over the past 10 years, KF has outperformed FIMKX with an annualized return of 14.56%, while FIMKX has yielded a comparatively lower 12.13% annualized return.
KF
- 1D
- -7.01%
- 1M
- -13.14%
- 6M
- 56.29%
- YTD
- 74.15%
- 1Y
- 133.94%
- 3Y*
- 40.35%
- 5Y*
- 16.30%
- 10Y*
- 14.56%
FIMKX
- 1D
- 0.47%
- 1M
- -2.03%
- 6M
- 17.38%
- YTD
- 25.22%
- 1Y
- 50.91%
- 3Y*
- 25.34%
- 5Y*
- 9.14%
- 10Y*
- 12.13%
KF vs. FIMKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KF The Korea Fund Inc | 74.15% | 99.36% | -19.29% | 12.34% | -30.02% | 8.44% | 37.14% | 6.83% | -19.26% | 42.50% |
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I | 25.22% | 40.06% | 9.31% | 8.44% | -19.82% | -2.63% | 30.43% | 29.75% | -18.06% | 46.67% |
Correlation
The correlation between KF and FIMKX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2004 | 0.73 |
The correlation between KF and FIMKX has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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Return for Risk
KF vs. FIMKX — Risk / Return Rank
KF
FIMKX
KF vs. FIMKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Korea Fund Inc (KF) and Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KF | FIMKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.45 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 5.30 | 3.73 | +1.57 |
| Martin ratioReturn relative to average drawdown | 17.54 | 13.41 | +4.13 |
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Drawdowns
KF vs. FIMKX - Drawdown Comparison
The maximum KF drawdown since its inception was -85.25%, which is greater than FIMKX's maximum drawdown of -69.98%. Use the drawdown chart below to compare losses from any high point for KF and FIMKX.
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Drawdown Indicators
| KF | FIMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.25% | -69.98% | -15.27% |
Max Drawdown (1Y)Largest decline over 1 year | -25.42% | -13.72% | -11.70% |
Max Drawdown (3Y)Largest decline over 3 years | -28.04% | -18.75% | -9.29% |
Max Drawdown (5Y)Largest decline over 5 years | -46.83% | -37.99% | -8.84% |
Max Drawdown (10Y)Largest decline over 10 years | -52.91% | -41.85% | -11.06% |
Current DrawdownCurrent decline from peak | -20.99% | -6.37% | -14.62% |
Average DrawdownAverage peak-to-trough decline | -37.81% | -19.79% | -18.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.67% | 3.81% | +3.86% |
Volatility
KF vs. FIMKX - Volatility Comparison
The Korea Fund Inc (KF) has a higher volatility of 23.71% compared to Fidelity Advisor Focused Emerging Markets Fund Class I (FIMKX) at 9.67%. This indicates that KF's price experiences larger fluctuations and is considered to be riskier than FIMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KF | FIMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.71% | 9.67% | +14.04% |
Volatility (6M)Calculated over the trailing 6-month period | 44.65% | 19.05% | +25.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.81% | 21.08% | +26.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.85% | 19.54% | +10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.12% | 19.03% | +8.09% |
KF vs. FIMKX - Expense Ratio Comparison
KF has a 0.02% expense ratio, which is lower than FIMKX's 1.03% expense ratio.
Dividends
KF vs. FIMKX - Dividend Comparison
KF's dividend yield for the trailing twelve months is around 0.69%, less than FIMKX's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIMKX Fidelity Advisor Focused Emerging Markets Fund Class I | 1.26% | 1.57% | 1.20% | 1.60% | 1.14% | 5.19% | 2.09% | 10.86% | 0.61% | 0.10% | 0.45% | 0.19% |
KF The Korea Fund Inc | 0.69% | 1.20% | 2.46% | 0.00% | 15.93% | 26.50% | 1.30% | 0.24% | 18.67% | 9.75% | 1.03% | 13.66% |
Frequently Asked Questions
KF and FIMKX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KF has higher volatility (23.71%) compared to FIMKX (9.67%). In terms of maximum drawdown, KF dropped -85.25% vs FIMKX's -69.98%.
KF currently has the higher Sharpe Ratio (2.82 vs 2.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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